Wise PLC 53.7% potential upside indicated by Berenberg Bank

Wise PLC with ticker (LON:WISE) now has a potential upside of 53.7% according to Berenberg Bank.

WISE.L

Berenberg Bank set a target price of 1,045 GBX for the company, which when compared to the Wise PLC share price of 680 GBX at opening today (01/07/2024) indicates a potential upside of 53.7%. Trading has ranged between 604 (52 week low) and 998 (52 week high) with an average of 2,073,085 shares exchanging hands daily. The market capitalisation at the time of writing is £7,122,726,600.

Wise plc is a United Kingdom-based global technology company. The principal activity of the Company is the provision of cross-border money transfer services. Its products include international money transfers, Wise account, international debit card, travel money card, large amount transfer, receive money, Wise platform, Wise business, business debit card and mass payments. The International money transfer product offers bank transfers, debit cards and credit cards. The Wise Account offers 40 currencies to use or keep handing and receive money internationally too, with account details and IBANs for nine currencies. The Travel money card product offers currency cards for all travel. The Wise travel money card also offers an exchange rate on Google for spending in approximately 40+ different currencies. The Wise Platform is used by banks, large businesses and other enterprises. The Wise Platform serves various industries, including banks, technology firms, cloud platforms and others.